Cost of Living in Hempstead County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hempstead County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Hempstead County, Arkansas
Hempstead County renters feel moderate national pressure
At 19.7%, Hempstead County's rent-to-income ratio edges slightly above the national comfort threshold, meaning renters here carry marginally heavier housing burdens than the typical U.S. household. The median household income of $47,654 lags significantly behind the national average of $74,755, while median rent of $781 per month runs just $19 below Arkansas's state average.
Hempstead ranks above average on housing burden
With a rent-to-income ratio of 19.7%, Hempstead County exceeds Arkansas's state average of 18.1%, placing it among the higher-burden counties statewide. This gap reflects lower median income relative to rental costs in the region.
Hempstead's rents sit amid a range of regional options
Hempstead's median rent of $781 positions it in the middle range of this county cluster, below Garland ($942) and Greene ($852) but above Hot Spring ($763). Home values ($100,200) rank among the lowest in the region, offering affordability for buyers willing to accept higher rental burdens.
Renters shoulder more of Hempstead's income
With a median household income of just $47,654, renters in Hempstead County dedicate 19.7% of earnings—$781 per month—to rent, a notably higher share than stronger-income counties. Homeowners fare better with $534 monthly payments on $100,200 properties, making ownership more accessible than renting.
Hempstead appeals to homebuyers more than renters
If you're a renter, Hempstead County's 19.7% rent-to-income ratio suggests tighter budgets; if you're a homebuyer, low home values ($100,200) and modest ownership costs ($534/month) present real opportunity. Compare these tradeoffs against other Arkansas counties to find the best fit for your situation.
Affordability Calculator
See how your income compares to housing costs in Hempstead County
Rent Burden
19.7%
of gross income
Max Housing (28% Rule)
$1,112
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Hempstead County
Median home value is $100,200. Estimated monthly cost: $800 vs. your max of $1,112.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.